Maryland § 6-1003
Full text of Maryland Maryland Code § 6-1003, with citation guidance and answers to common questions.
§ 6-1003.
(a) In this section, “revitalization area” has the meaning stated in § 6–301 of this title.
(b) For a qualified opportunity zone business that qualifies for a job creation tax credit under § 6–304 of this title:
(1) the Level 1 opportunity zone enhancement is equal to:
(i) $3,075 multiplied by the number of qualified employees working in a facility not located in a revitalization area; and
(ii) $5,125 multiplied by the number of qualified employees working in a facility located in a revitalization area; and
(2) the Level 2 opportunity zone enhancement is equal to:
(i) $3,300 multiplied by the number of qualified employees working in a facility not located in a revitalization area; and
(ii) $5,500 multiplied by the number of qualified employees working in a facility located in a revitalization area.
(c) The enhanced multiplier authorized under subsection (b) of this section is in substitution for and not in addition to the multiplier under § 6–304(b)(1) of this title.
Frequently Asked Questions About Maryland § 6-1003
What does Maryland Code § 6-1003 cover?
Section 6-1003 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 6-1003?
A common citation format is "Maryland Code § 6-1003" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 6-1003 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.